The financial year 2024-25 ends on March 31. The new financial year starts on April 1. If you want to save tax, you should invest before March 31. Today, we will tell you about some schemes that save tax and give good returns. One option is the Public Provident Fund (PPF). PPF is very popular in India. Right now, it gives 7.1% interest.
Public Provident Fund (PPF)
You can invest a minimum of ₹500 and a maximum of ₹1.5 lakh in the PPF scheme each year. The maturity period of this scheme is 15 years. After 15 years, you can extend your investment for 5 more years at a time.
Good news for all employees! The government just made 3 big changes to your Provident Fund (PF) process pic.twitter.com/toh85k0G58
— MissMohini (@MohiniWealth) April 14, 2025
Mutual Funds Vs Public Provident Fund (PPF)
Total investment: 15 Laks
Corpus value after Tax in MF: 45.76 Lakh 🔥🔥🔥
Corpus value after Tax in PPF: 27.12 Lakh
Hence, in long term, investment in MFs is better than PPF. pic.twitter.com/qsiBI06Len— Deepak (@deepak4748) June 4, 2025
Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana is made to secure the future of daughters. Investing in this scheme can save tax. Right now, it gives 8.2% interest. You can invest a minimum of ₹250 and a maximum of ₹1.5 lakh each year. This scheme is very popular in India.
Senior Citizen Savings Scheme (SCSS)
To save income tax, senior citizens can invest in the Senior Citizen Savings Scheme. This scheme is also very popular in India and gives 8.2% interest.